Raymond James Financial Inc. Buys Shares of 73,513 Universal Security Instruments, Inc. (NYSE:UUU)

Raymond James Financial Inc. bought a new stake in shares of Universal Security Instruments, Inc. (NYSE:UUU) in the fourth quarter, Holdings Channel reports. The fund bought 73,513 shares of the company’s stock, valued at approximately $174,000.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Universal Security Instruments in a report on Thursday, May 8th. They set a “hold” rating for the company.

Universal Security Instruments Stock Up 0.7%

UUU stock opened at $2.16 on Tuesday. Universal Security Instruments, Inc. has a twelve month low of $1.11 and a twelve month high of $2.47. The firm has a market capitalization of $4.99 million, a PE ratio of -3.85 and a beta of -0.21. The stock has a 50-day simple moving average of $1.91 and a two-hundred day simple moving average of $2.08.

About Universal Security Instruments

Universal Security Instruments, Inc, together with its subsidiary, engages in the marketing and distribution of safety and security products in the United States. The company offers a line of safety alarms units, including replaceable batteries, sealed batteries, and battery backup alarms; and smoke alarms, which include hearing impaired and heat alarms, as well as carbon monoxide alarms, door chimes, ventilation products, ground fault circuit interrupters, and other electrical devices under the UNIVERSAL and USI Electric trade names.